Repercussions of walking on a pre-sale investment & how to save your deposit

Are you rethinking your pre-sale purchase? With rising rates, construction delays, and prices dropping in some areas, many buyers are asking the same question: “What happens if I walk away?”In this episode, I break it all down:👉 Why so many buyers are walking from pre-sales right now👉 What your developer contract actually says (and why it matters)👉 The real consequences of walking away — including losing your deposit and possible lawsuits👉 My personal $200,000 loss story (and the hard lessons I learned)👉 Strategies to save your deposit — like assignments, negotiating a release, and getting legal helpIf you’re stuck in a pre-sale contract in British Columbia (or anywhere), this could save you tens or even hundreds of thousands of dollars.⚠ Key Takeaways:Deposits are often non-refundable (5–25%)Developers can sue for damages if they resell at a lossYou may face legal costs or credit impacts if it goes to collectionsThere are ways to limit the damage — but only if you act quickly📩 Need Help?If you’re considering walking from a pre-sale, don’t go silent. Let’s talk about your options:→ Can we assign it?→ Can we negotiate out?→ Can we structure a backup plan?📩 Want personalized advice? DM me, email me, or scan the QR code in this video for a confidential chat about your listing.📚 Grab a copy of my best-selling book Rockstar Real Estate Investing on Amazon for even more in-depth strategies.👍 Like this video, share it with someone thinking of selling, and subscribe for real market advice—not media hype.Watch and subscribe for more!👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestateDon’t forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you haven’t yet and we are here for your questions at any time. Pick up my book here: https://amzn.to/3uX43SAWant to chat? Book time to chat with Jessi here: https://calendly.com/jessirealestate-------------------------------------------------------------------------------------------------------------------👩🏼‍💼 Are You A Real Estate Agent?   👨🏼‍💼Book a 1-on-1 with us to learn how we help agents DOUBLE their business → This is what is offered, FREE🆓 Client partnership opportunities! $$$ for you🆓 Access to Jessi's custom build Zoho CRM🆓 Google Ads coaching or discounted management🆓 Sim’s Coaching Systems 3+ coaching calls every week🆓 YouTube, social media & online lead generation coaching🆓 Access to an online lead generation program🆓 Access to online lead conversion program🆓 1-Page business plan created with you by SIMS Coaching team🆓 90-day Sims Coaching new agent training program🆓 Your Assistants trained & hired with SIMS assistant team🆓 Your Inside Sales Agents trained & hired with SIMS powerhouse ISA team🆓 Access to our private Facebook mastermind Group🆓 Access to 1-1 when you need us for support🆓 Access to kvCORE, 40+ weekly training calls, stock, revenue share and more...👉 BOOK A CALL WITH JESSI: calendly.com/jessirealestateJessi Johnson Personal Real Estate CorporationRealtor | eXp Realty📞 604 566 8968 (office line)